EP Wealth Advisors LLC Invests $369,000 in Virtu Financial, Inc. (NASDAQ:VIRT)

EP Wealth Advisors LLC bought a new position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) in the third quarter, Holdings Channel.com reports. The fund bought 12,109 shares of the financial services provider’s stock, valued at approximately $369,000.

Several other hedge funds and other institutional investors have also bought and sold shares of VIRT. USA Financial Formulas bought a new position in shares of Virtu Financial in the 3rd quarter worth about $33,000. International Assets Investment Management LLC bought a new stake in shares of Virtu Financial during the 2nd quarter valued at about $39,000. Innealta Capital LLC acquired a new stake in Virtu Financial during the second quarter worth approximately $46,000. First Horizon Advisors Inc. increased its holdings in Virtu Financial by 21.0% in the second quarter. First Horizon Advisors Inc. now owns 2,143 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 372 shares in the last quarter. Finally, Abich Financial Wealth Management LLC lifted its stake in Virtu Financial by 22.2% in the second quarter. Abich Financial Wealth Management LLC now owns 2,680 shares of the financial services provider’s stock valued at $60,000 after buying an additional 487 shares during the period. Institutional investors and hedge funds own 45.78% of the company’s stock.

Virtu Financial Trading Up 0.1 %

VIRT opened at $36.83 on Friday. Virtu Financial, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $38.45. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.47 and a quick ratio of 0.47. The company’s 50-day moving average is $34.29 and its 200 day moving average is $29.59. The firm has a market capitalization of $5.69 billion, a PE ratio of 18.51, a P/E/G ratio of 0.57 and a beta of 0.43.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The firm had revenue of $388.00 million for the quarter, compared to the consensus estimate of $379.18 million. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%. The business’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. As a group, research analysts predict that Virtu Financial, Inc. will post 2.71 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be paid a $0.24 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.61%. Virtu Financial’s payout ratio is presently 48.24%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VIRT. Bank of America reduced their price objective on shares of Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $35.00 price target on shares of Virtu Financial in a research note on Thursday, October 24th. The Goldman Sachs Group upped their price objective on shares of Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, September 30th. Morgan Stanley raised their target price on Virtu Financial from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, Citigroup increased their price target on Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Virtu Financial presently has an average rating of “Hold” and an average target price of $29.50.

About Virtu Financial

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.